Point Drop Datapoint for 62% UTI

[Antredd]

I recently charged 22k on my visa with a 35k credit limit. That brought my uti up to 62%. I rarely do this. But, as a result, I saw my Experian and Equifax scores drop 14 and 10 points respectively. My Transunion wasn't affected. I am thinking that my Visa card isn't being reported on TransUnion.

My scores were at an exceptional  Equifax 820, TransUnion 827, and Experian 787. I have 20 credits with a balance only on 1 card, and that card remains below 10% uti.  Also, my excellent mix of installment loans and 20 credit cards have kept my scores slighly below or above 800.

This was the first time I charged 22K on my VISA Card since having it, and the datapoint proves that even though I have approximately $350k in available credit, keeping my uti below 10% on only 1 credit card, my score dipped.

[BrutalBodyShots]

The FICO algorithm looks at both overall (aggregate) utilization and individual card utilization. Your aggregate utilization may have stayed below 10%, but you crossed two individual card utilization threshold points at 29.5% and 49.5% en route to 62% utilization on that single card. That explains the point losses realized. It's also worth noting that raw dollars of debt exclusive of utilization percentages are also looked at by the algorithm. At $22k of revolving debt, you've definitely crossed multiple threshold points with respect to that metric as well, although most from my experience on a clean/thick/mature file constitute a low single-digit number of FICO points.

[Thomas_Thumb]

There is also a potential aggregate utilization threshold around 5%. A number of posters have observed a score change in that region. Whether or not it is of significance may be profile dependent. 

[FICOdawg]

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@Antredd wrote:

I recently charged 22k on my visa with a 35k credit limit. That brought my uti up to 62%. I rarely do this. But, as a result, I saw my Experian and Equifax scores drop 14 and 10 points respectively. My Transunion wasn't affected. I am thinking that my Visa card isn't being reported on TransUnion.

My scores were at an exceptional  Equifax 820, TransUnion 827, and Experian 787. I have 20 credits with a balance only on 1 card, and that card remains below 10% uti.  Also, my excellent mix of installment loans and 20 credit cards have kept my scores slighly below or above 800.

This was the first time I charged 22K on my VISA Card since having it, and the datapoint proves that even though I have approximately $350k in available credit, keeping my uti below 10% on only 1 credit card, my score dipped.

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I'm suprised it wasn't more.    Once you start getting north of 50% the utilization penalty bites you hard.

[BrutalBodyShots]

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@FICOdawg wrote:

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I'm suprised it wasn't more.    Once you start getting north of 50% the utilization penalty bites you hard.

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Their utilization reference was regarding an indivdual card, not aggregate. Aggregate utilization is King when it comes to revolving utilization, so if no threshold point is crossed there (none was) typically impact from a single card isn't all too significant.

[FICOdawg]

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@BrutalBodyShots wrote:

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@FICOdawg wrote:

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I'm suprised it wasn't more.    Once you start getting north of 50% the utilization penalty bites you hard.

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Their utilization reference was regarding an indivdual card, not aggregate. Aggregate utilization is King when it comes to revolving utilization, so if no threshold point is crossed there (none was) typically impact from a single card isn't all too significant.

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You don't need explain posts brother I can read.     The topic of agg vs individual utilization is probably in 100s of threads on this forum.

There is a point range of impact and those tables are  easily searchable.     Both metrics matter. 
        I always wonder if someone has many cards and a large CL, at what point do card companies get triggered with a large purchase and balance chase.

[BrutalBodyShots]

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@FICOdawg wrote:

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You don't need explain posts brother I can read.     The topic of agg vs individual utilization is probably in 100s of threads on this forum.

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No need to get combative. You're correct that there are tons of threads on the subject, so for you to suggest that 50%+ on a single card "bites you hard" when aggregate utilization doesn't cross any thresholds is wrong. So, if you do understand that, then you probably didn't realize that a single card was being referenced and thought it was 62% aggregate utilization. If you misread it, no big deal; you don't have to respond with a nasty tone.

Yes, aggregate and individual card utilization both matter. But, it's well documented that aggregate utilization matters significantly more (3X+ more) which is why your comment to which I replied didn't make much sense.

[FICOdawg]

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@BrutalBodyShots wrote:

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@FICOdawg wrote:

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You don't need explain posts brother I can read.     The topic of agg vs individual utilization is probably in 100s of threads on this forum.

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No need to get combative. You're correct that there are tons of threads on the subject, so for you to suggest that 50%+ on a single card "bites you hard" when aggregate utilization doesn't cross any thresholds is wrong. So, if you do understand that, then you probably didn't realize that a single card was being referenced and thought it was 62% aggregate utilization. If you misread it, no big deal; you don't have to respond with a nasty tone.

Yes, aggregate and individual card utilization both matter. But, it's well documented that aggregate utilization matters significantly more (3X+ more) which is why your comment to which I replied didn't make much sense.

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Omg my man.   Give it a rest.   You want to argue everything.    

You are making making up details and arguing things I've never even care to discuss.     You do it repeatedly.     This will be the last post of yours I'll ever reply to.  🫡

[BrutalBodyShots]

That's probably for the best, as you clearly don't like being corrected. 

It's happening again, @SRT4kid93...

[SRT4kid93]

@FICOdawg @BrutalBodyShots 

I have missed most of this conversation I have to go back and read all the comments. But I can say definitively that,

Single card utilization hurts your score about 3-5x LESS than aggregate. 

aggregate (or total combined utilization) is what you really want to be worried about. 

I have come fairly close to maxing out single cards and only saw about a 5-7 point reduction. However, if I were to max out my aggregate utilization, we would be talking about 70-90 ish points.